MARKETWIRE ALERTS

MARKETWIRE ALERTS

MARKETWIRE ALERTS 

MarketWire Afternoon News for September 4^th

Updated at 5:00 PM ET 

HEADLINES:

–EIA: NY Harbor Gasoline Climbs; Crude Stocks Fall

— EIA: Midwest Gasoline Weakens as Distillates, Jet Gain

— EIA: USGC Gasoline Drops for Fifth Straight Week

— EIA: Propane/Propylene Stocks Reach 37-Week High

— EIA: West Coast Gasoline Drops to 3-Week Low

— EIA: Crude Up 2.4M Bbl, Gasoline Down, Distillates Higher

NEWS:

EIA: NY Harbor Gasoline Climbs; Crude Stocks Fall

East Coast PADD 1 gasoline inventories rose in the week ending August 29, rebounding from the prior week’s slight dip and resuming an upward trend seen earlier in the month. Distillate and crude oil stocks moved lower, while jet fuel continued to rise, according to the latest data from the U.S. Energy Information Administration.

PADD 1 gasoline inventories climbed by 500,000 bbl to 55.5 million bbl from 55.0 million bbl in the reference week. That was 2.7 million bbl below the 58.2 million bbl reported during the same week in 2024. Gasoline imports declined to 411,000 bpd from 550,000 bpd and were also below the 630,000 bpd recorded in the comparable week last year.
Distillate inventories fell by 200,000 bbl to 28.7 million bbl from 28.9 million bbl in the week ending August 29. Stocks were 6.7 million bbl below the 35.4 million bbl held during the same week in 2024. Imports for distillates declined to 47,000 bpd from 121,000 bpd, and compared with 119,000 bpd in 2024.
Crude oil inventories fell by 300,000 bbl to 7.7 million bbl from 8.0 million bbl in the respective week. Crude stocks matched the same 7.7 million bbl level held in the corresponding week in 2024. Crude imports rose to 2.839 million bpd from 2.747 million bpd and were slightly above the 2.776 million bpd recorded last year.
Jet fuel inventories climbed by 300,000 bbl to 10.4 million bbl from 10.1 million bbl in the week ending August 29. Stocks were down by 1.9 million bbl compared with the 12.3 million bbl reported in the same week of 2024. Jet fuel imports dropped to zero from 13,000 bpd the prior week and were also flat compared to 13,000 bpd last year.

EIA: Midwest Gasoline Weakens as Distillates, Jet Gain

Midwest gasoline inventories moved lower in the week ended August 29, while distillate fuel oil and jet fuel supplies posted builds, according to U.S. Energy Information Administration data released Thursday.

Midwest gasoline stocks fell by 1.0 million bbl to 44.1 million bbl, 3.1 million bbl below the same week last year. Gasoline imports totaled 44,000 bpd, up by 24,000 bpd from the previous week and 38,000 bpd above the last year level.

Distillate inventories rose by 1.0 million bbl to 29.1 million bbl in the profiled week, 1.9 million bbl below the comparable period in 2024.

Midwest jet fuel inventories increased by 200,000 bbl to 7.7 million bbl, 400,000 bbl above the 7.3 million bbl reported in the same week last year. PADD 2 distillate and jet fuel imports were zero for the week, unchanged from last week and last year levels.

Regional crude oil inventories rose by 1.4 million bbl to 105.1 million bbl in the reference week, 2.0 million bbl higher than the same period last year.

EIA: USGC Gasoline Drops for Fifth Straight Week

 Gulf Coast PADD 3 gasoline inventories declined for the fifth consecutive week in the week ending August 29, hitting the lowest level since early May, according to the latest data from the U.S. Energy Information Administration. Distillate inventories increased while stocks of crude oil and jet fuel moved lower.

PADD 3 gasoline inventories fell by 2.6 million bbl to 81.3 million bbl from 83.9 million bbl in the reference week. Stocks were 4.3 million bbl above the 77.0 million bbl reported in the same week in 2024. Imports fell to 46,000 bpd from 55,000 bpd and compared with 19,000 bpd last year.

Distillate inventories climbed by 1.3 million bbl to 44.0 million bbl from 42.7 million bbl in the respective week. Stocks were also 1.3 million bbl higher than the 42.7 million bbl reported during the same week last year. The region reported zero distillate imports for the second straight week and the same period in 2024.

Crude oil inventories fell by 400,000 bbl to 239.4 million bbl from 239.8 million bbl in the reference week. Stocks were 5.0 million bbl higher than the 234.4 million bbl reported during the same week in 2024.

Jet fuel inventories fell by 1.0 million bbl to 12.9 million bbl from 13.9 million bbl in the respective week. Supplies were 1.9 million bbl lower than the 14.8 million bbl held in the same week last year. Jet imports held at zero for the week, consistent with last week and the same period in 2024.

EIA: Propane/Propylene Stocks Reach 37-Week High

The Energy Information Administration reported on Wednesday total domestic propane/propylene stocks of 96.128 million bbl in the week ending August 29, up 3.156 million bbl week-on-week and 438,000 bbl, or 0.5% higher than in the same week last year.
Data show propane/propylene exports last week averaged 1.787 million bpd, up 55,000 bpd week-on-week and 123,000 bpd, or 6.9%, higher than in the same week last year.
Implied demand for propane/propylene in the United States averaged 706,000 bpd, down 248,000 bpd week-on-week and 23,000 bpd, or 3.3% lower than in the same week last year.
EIA reports domestic propane/propylene production averaged 2.867 million bpd, up 32,000 bpd week-on-week and 178,000 bpd, or 6.2% higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 8.686 million bbl, up 787,000 bbl week-on-week and 971,000 bbl, or 11.2% higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 25.591 million bbl, up 917,000 bbl week-on-week and 371,000 bbl, or 1.4% lower than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 56.614 million bbl, up 1.136 million bbl week-on-week and 362,000 bbl, or 0.6% higher than in the same week last year.
Combined inventories in the Rockies and the West Coast, PADD 4 and 5, ended the week at 5.236 million bbl, up 315,000 bbl week-on-week and 524,000 bbl, or 10% lower than in the same week last year.

EIA: West Coast Gasoline Drops to 3-Week Low

West Coast PADD 5 gasoline inventories declined for the first time in four weeks in the week ending August 29, while distillate and crude oil stocks moved higher and jet fuel eased, according to the latest data from the U.S. Energy Information Administration.

Gasoline inventories fell by 1.4 million bbl to 30.2 million bbl from 31.6 million bbl in the reference week. That’s down by 100,000 bbl from the 30.3 million bbl reported in the same week in 2024. Imports dropped to 111,000 bpd from 139,000 bpd and compared with just 2,000 bpd during the same week last year.

Distillate inventories climbed by 700,000 bbl to 11.7 million bbl from 11.0 million bbl in the respective week. Stocks were 1.6 million bbl higher than the 10.1 million bbl held during the same period in 2024. Distillate imports fell to 7,000 bpd from 9,000 bpd, and compared with 44,000 bpd last year.

Jet fuel inventories fell by 100,000 bbl to 11.3 million bbl from 11.4 million bbl. That matched the 11.3 million bbl level reported in the corresponding week in 2024. Imports declined to 45,000 bpd from 72,000 bpd and compared with 138,000 bpd last year.

Crude oil inventories climbed by 600,000 bbl to 45.6 million bbl from 45.0 million bbl in the reference week. Supplies were 4.0 million bbl below the 49.6 million bbl held in the same week last year.

EIA: Crude Up 2.4M Bbl, Gasoline Down, Distillates Higher

U.S. crude oil inventories rose in the week ending August 29, snapping two straight weeks of draws, while gasoline stocks moved sharply lower and distillate fuel oil supplies posted a build, the Energy Information Administration reported Thursday (9/4).

Commercial crude stocks increased by 2.4 million bbl to 420.7 million bbl, 2.4 million bbl higher than the same week last year. The build follows a 2.4 million bbl decline reported for the prior week. Inventories at Cushing, Oklahoma, the delivery point for NYMEX West Texas Intermediate futures, rose 1.6 million bbl to 24.2 million bbl.

Motor gasoline inventories fell by 3.8 million bbl to 218.5 million bbl, 0.7 million bbl below the comparable week in 2024. Blending components dropped 3.5 million bbl, while conventional gasoline stocks declined 0.3 million bbl.

Distillate fuel oil inventories increased by 1.7 million bbl to 115.9 million bbl, 6.8 million bbl below the year-ago level, the EIA data showed.

Refinery utilization stood at 94.3% of capacity, down from 94.6% the prior week but above the 93.3% rate during the same period last year. Crude runs averaged 16.869 million bpd, down 11,000 bpd week-on-week.

Crude exports averaged 3.884 million bpd, compared with 3.810 million bpd the previous week and 3.756 million bpd a year ago. Crude imports rose 508,000 bpd to 6.742 million bpd, nearly 1.0 million bpd above year-ago levels. The four-week average for crude exports was 3.840 million bpd, down from 4.171 million bpd in the comparable period of 2024.

Total products supplied over the last four weeks averaged 20.652 million bpd, up 111,000 bpd from the same period last year. Gasoline demand averaged 9.117 million bpd, 123,000 bpd lower than the prior week but 179,000 bpd above the year-ago level. Distillate demand averaged 3.768 million bpd, down 373,000 bpd from the previous week and 229,000 bpd below the same week in 2024.